14106 Ventura Blvd, Sherman Oaks, CA

Shopping Center for Sale - $6,695,000 - 0.64 acres


Agent Info

Megan Husri
The Seymour Group

Property Info

CIMLS#1076276
Location
  14106 Ventura Blvd
  Sherman Oaks CA 91423
UpdatedJanuary 11th, 2021
TypeShopping Center
Price$6,695,000
Land0.64 acres

Contact


Property Description

OVERBID HEARING SCHEDULED FOR 1/14 - PLEASE EMAIL AGENTS FOR MORE INFORMATION

Composed of multiple one-story commercial buildings arranged around a central one- and two-story building (Rive Gauche Restaurant). Designed in the Spanish Colonial Revival style, building features include gabled clay tile roofs, stucco wall cladding with brick accents, divided-light wood windows and doors, and bracketed shed roofs over building entrances. Other features of the site include elevated brick patios and planters, and a neon pole sign for the Rive Gauche Restaurant.

Excellent and rare example of a 1930s motel on Ventura Boulevard, which was the original auto route from Hollywood through the San Fernando Valley to points north prior to the construction of the freeway. Originally constructed as an “auto hotel”, the property was converted to office/retail use in 1960, once occupied by the Rive Gauche restaurant and has several small retail shops. The property is also an excellent example of 1930s Spanish Colonial Revival commercial architecture in Sherman Oaks, designed by architect W.K. Ballard.

Ventura Blvd has always been the most concentrated location for small businesses and shops in the Valley; it has pockets of multi-family housing, mini-malls, and shops, along with a wide assortment of businesses, schools, and other establishments.

The property is under the Sherman Oaks - Studio City - Toluca Lake - Cahuenga Pass Community Plan Area and on the list of candidates for Historical Designation, but has not been designated.

Perfect investment for a Owner or Partial User for rehab and repositioning.

Seller will provide Buyer current Phase 1 & 2 reports and Purchase & Sale Agreement.